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Wednesday, 9 August 2017

A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Vanadium
Compounds
Market. The
study, titled “Vanadium
Compounds Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.

Vanadium
is a very hard metal which is light silvery in color, brittle, and
stable in dry air at room temperature. It ranks seventeenth among the
metals available in the earth’s crust but is considered to be rare
as it is present in a dispersed form and its extraction and mining is
very costly. Vanadium is not found in the elemental state but in a
chemically combined form.

Vanadium
compounds can be classified into the following segments: oxides,
pentoxides, sulphates, and vanadates. They are present in various
forms such as liquid, hydrous cake, and powder. Vanadium salts
(potassium metavandate, ammonium polyvanadate, and sodium
metavanadate) and solutions display highly selective catalytic
features.

Vanadium
oxide, when doped with tungsten, has been examined for use as a
“spectrally-selective” window coating to block infrared
transmission and reduce the harm of building inner heat through
windows. Vanadium pentoxide is used as a catalyst for sulphuric acid
production, as a pigment, and in batteries. The vanadates include
ammonium metavanadate, potassium metavanadate, and sodium
metavanadate which find application in various fields. For instance,
ammonium metavanadate is used as a synthetic catalyst for organic
acids & in denitrification and as a corrosion inhibitor & a
pigment. Potassium metavanadate is used as a corrosion inhibitor and
a catalyst in desulfurization and denitrification. Sodium
metavanadate is used as a pigment, catalyst in desulfurization, and
corrosion inhibitor.

On
the basis of application, the vanadium compounds market can be
segmented into the following sectors: chemical catalysts,
pharmaceuticals, pigments, and glaze. Vanadium compounds are used as
catalysts for the oxidation of sulphur dioxide. Vanadium pentoxide is
an excellent catalyst used in the contact process for the production
of sulphuric acid – an important process in the chemical industry.
Vanadium compounds are testified to exhibit insulin-enhancing
properties when administered orally. Gastrointestinal absorption of
vanadium is usually poor and depends on the chemical nature &
solubility. These compounds are also employed in the pigments,
ceramic, and paints industries. Ammonium metavanadate and sodium
vanadate are responsible for the color of ceramic tiles and
containers. Bismuth orthovanadate is a temperature-resistant yellow
pigment employed in varnishes and plastics.

The
main driver for the vanadium compound market is the industrial
catalytic sector. For instance, these compounds are used in the
production of sulfuric acid using the contact process. The paints and
ceramic industries also employ sodium vanadate and sodium
metavanadate. Vanadium oxide is used for glass coatings, while
vanadates offer protection to steel against corrosion and rust as
well. All these factors drive the market.

Environmental
and health hazards including eye, nose, and throat infections act as
a barrier for the vanadium compound market. Other ill-effects include
damage to nervous system and carcinogenic diseases. Vanadium
compounds can cause inhibition to the enzymes in animals and in
certain cases, lead to cancer.

The
market for vanadium compounds is distributed over North America,
Europe, Asia Pacific, and Middle East & Africa. The market of
Asia Pacific is dominant, followed by Europe and North America.
Demand for vanadium compounds is on rise in Asia Pacific due to the
region’s burgeoning chemical industry. China possesses immense
vanadium mines; therefore the vanadium compound market in this
country is anticipated to expand. Brazil is another significant
market due to the industrial activities in this country.

Get
accurate market forecast and analysis on the Vanadium Compounds
market. Request a sample to stay abreast on the key trends impacting
this market@

The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.

Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.

Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.